Aerospace/Defense
NEW YORK (TheStreet) -- Anyone who's ever been stranded on a stuffy plane for hours in heavy holiday traffic will perhaps find consolation in a new government restriction on lengthy delays.
In a move to protect airline-passenger rights, the Department of Transportation has told U.S. airlines that their aircraft can't sit on the tarmac for more than three hours without deplaning passengers. Airlines that don't abide by this rule will face a steep fine for domestic flights, although safety and security exceptions would be taken into account. Furthermore, the DOT said, airlines must provide their passengers with an adequate amount of food and drinking water, working toilets and possibly even medical care within two hours of the delay. The rule also says that any U.S. airline operating international flights flying to or from the U.S. must advise, in advance, the time limits they have set for themselves on deplaning passengers. The rule has been announced in direct response to a series of ground delays and incidents of stranded passengers. The most recent tarmac delays involved Continental Airlines(CAL), ExpressJet Holdings'(XJT) ExpressJet Airlines and Mesaba Airlines. Together, they were charged $175,000 for their roles in an almost six-hour ground delay at Rochester, Minn. In trading Monday, Continental stock has improved by 1.3% to $17.50 in afternoon trading, while ExpressJet has slumped by 2.2% at $4.50. AMR(AMR) has been holding steady at $7.60, while Delta Air Lines(DAL) has retreated by 1.1% to $11.50. -- Reported by Andrea Tse in New York >>See our new stock quote page. Follow TheStreet.com on Twitter and become a fan on Facebook.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.03
|
|
DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
|
|
-0.60%
|
-0.22%
|
-0.07%
|
-0.80%
|
Data delayed 20 minutes |


Connect with TheStreet